The Foundation is established to carry on all activities dedicated to the advancement of the following goals: theological education, priestly formation of seminarians, and other purposes of a charitable nature beneficial to Newman Theological College and St. Joseph Seminary and to the community as a whole.

Its goals are to raise and distribute funds for the purpose of carrying out the missions of the College and the Seminary in conformity with the policies established by the Board of Governors of Newman Theological College and the Board of Regents of St. Joseph Seminary.